Property
Beds
47
Full Baths
None
1/2 Baths
None
Year Built
1957
Sq.Footage
40,412
JUST REDUCED AND NOW PRICED TO SELL. We are pleased to offer for sale an incredibly rare multifamily asset at 537 San Vicente Blvd. in the heart of LA's famed beach city of Santa Monica. Originally built in 1957, the building boasts an ideal unit mix consisting of all large 1 & 2 bedroom units. All of these units are extremely spacious, have a terrific floor plan, and offer an abundance of natural light. There is significant rental upside, and on-site parking for 33 cars (and a wrap around driveway for additional parking), an on-site laundry facility and beautiful sparkling pool. The unit mix includes (19) 1-bed, 1-bath units, and (14) 2-bed, 2-bath units. This is a fantastic trophy asset in an undeniably attractive location that will surely pay long-term dividends to a savvy investor. A quick walk to Montana Avenue and the beach, this rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire a premier turnkey asset in one of the best rental locations in all of Los Angeles.
Features & Amenities
Interior
-
Total Bedrooms
47
Area & Lot
-
Lot Size(acres)
0.5087
-
Property Type
Residential Income
Exterior
-
Garage
No
-
Parking
Assigned, Underground
Financial
-
Sales Price
$18,950,000
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Location
County
Los Angeles
Elementary School
Middle School
High School
Listing Courtesy of Jonathan Taksa , Remax Commercial and Investment Realty
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